Ian Berch

Graduated call writing

Selling covered calloptions at incrementally rising exercise prices, so that as the price of the underlyingstock rises and the options are exercised, the seller receives a higher average price than the original exercise price.

Medium term

Two-six years.

Eric Berch

Convertible exchangeable preferred stock

Convertible preferred stock that may be exchanged, at the issuer’s option, into convertible bonds that have the same conversion features as the convertible preferred stock.

Employee Retirement Income Security Act (ERISA)

The law that regulates the operation of private pensions and benefit plans.

Ian Berch Mark Berch
Bump-up CD

A certificate of deposit granting the owner the right to increase its yield one time for the remaining term of the CD. The power is exercised by the owner in the event of an interest rate hike.

Fiduciary

One who must act for the benefit of another party.
Eric Berch Eric Berch